It will review evolving disclosures/metrics that are relevant to the Indian context and identify areas for assurance and a roadmap for its implementation.바카라 웹사이트In addition, the committee will examine developing separate or parallel approaches for ESG rating adapted to an emerging market like focus on 'S' including employment generation.
Capital markets regulator SEBI has constituted an advisory committee for advising on ESG (environment, social and governance) related matters in the securities market.바카라 웹사이트The committee will be headed by HDFC Mutual Fund Navneet Munot, the Securities and Exchange Board of India (SEBI) said in a statement.
Apart from Munot, the committee has experts, including R Mukundan, MD and CEO of Tata Chemicals; C Siva Kumar, executive director of NTPC, Amit Talgeri, chief risk officer at Axis Bank, Sharad Kalghtagi, ESG head Cipla; Amit Tandon founder and MD Institutional Investor Advisory Services; J N Gupta, founder and MD of Stakeholders Empowerment Services and Rama Patel, Director of Crisil Ratings.
In all, the committee has 19 members and further, four SEBI바카라 웹사이트officials will be secretariat to the committee as well as coordinator. 바카라 웹사이트The terms of reference of the committee include enhancements in business responsibility and sustainability report, ESG ratings and ESG investing.바카라 웹사이트With regards to enhancements in Business Responsibility and Sustainability Report (BRSR), Sebi said the panel will be responsible for reviewing leadership indicators that may be made essential - including those related to the value chain and developing sector-specific sustainability disclosures.
Also, it will review evolving disclosures/metrics that are relevant to the Indian context and identify areas for assurance and a roadmap for its implementation.바카라 웹사이트In addition, the committee will examine developing separate or parallel approaches for ESG rating adapted to an emerging market like focus on 'S' including employment generation.
This will also include developing uniform indicators of 'G' as input to ESG ratings and바카라 웹사이트credit rating disclosures in the rationale by ESG rating providers on what and how qualitative factors were factored in the ESG ratings or observations.바카라 웹사이트In respect of ESG investing, SEBI said the committee will oversee continuous enhancement of disclosures specific to ESG Schemes of Mutual Funds with a particular focus on mitigation of risks of misselling and greenwashing.바카라 웹사이트
"The evolution of standards and norms for ESG is a dynamic process which necessitates continuous evaluation," SEBI said.바카라 웹사이트It will also examine whether ESG funds need to have prudential norms if any as well as a long term plan to prescribe ESG disclosures for all mutual fund schemes.
-With PTI Input